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About LGT2425 Lecture 6 (Notes)
Spreadsheet models allow for easy creation and recalculation of mathematical and logical models. Nowlin Plastics uses a spreadsheet model to determine whether it is more cost effective to manufacture phone covers in-house or outsource production. The model uses an influence diagram and defines notation for costs. What-if analysis tools like data tables, goal seek, and scenario manager are used to understand the impact of changes in inputs like production quantity and purchase price on total costs and savings. Descriptive spreadsheet models can be enhanced with predictive modeling tools in Excel.
Detailed Information
| Author: | ['Jackie Chou'] |
|---|---|
| Publication Year: | 2021 |
| Pages: | 32 |
| Language: | English |
| Format: | |
| Price: | FREE |
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